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Form 41ESR Fillable Underpayment of Estimated Tax by Corporations (09-17-2014)
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1 Enter the 2014 total tax 1 10 Enter the amount from line 14 of the preceding 11 Amount applied to previous installment 12 Add lines 9 and 10 and subtract line 11 13 Underpayment If line 12 is less than or equal to 14 Overpayment If line 8 is less than line 12 15 Enter date of payment or the 15th day of the 4th 16 Number of days from due date of installment on 17 Number of days on line 16 before 1/1/15 18 Number of days on line 16 after 12/31/14 2 Enter the total of the fuels tax sales/use tax tax from recapture of the QIE and the Reimbursement Incentive 21 Multiply line 19 by the underpayment on line 13 22 Multiply line 20 by the underpayment on line 13 23 Add lines 21 and 22 24 Add line 23 columns A through D Enter here and on 25 Enter Idaho annualized taxable income 26 Multiply line 25 by 7 4% 27 Enter other taxes for each payment period 28 Enter tax credits for each period 29 Total tax Add lines 26 and 27 and subtract line 28 3 Subtract line 2 from line 1 If the result is less than $500 do not complete this form 3 30 Applicable percentage 31 Multiply line 29 by line 30 32 Enter the total of line 33 from all previous columns 33 Subtract line 32 from line 31 Enter on line 8 Part I 4 Multiply line 3 by 90% 4 5 Enter the total tax less the total of the fuels tax sales/use tax tax from recapture of the QIE and the 6 Estimated tax Enter the smaller of line 4 or line 5 6 7 Enter the installment due dates that correspond to 8 Enter 25% of line 6 in each column (If income is 9 Amount paid or credited for each period X 4% ( 04) (00 00%) 09 17 14 15th day of the 4th month following the close of the tax year 22 5% 41ESR 55 For Form 41S this is the amount on line 55 minus the total 67 5% A corporation must make estimated tax payments to the Tax Act credit from the 2014 corporate return 2 Act credit reported on the 2013 return For Form 41 this is the amount on line 49 minus the total of lines 46 through 48 and line and to compute the interest on any underpaid amount Additional annualized income adjusted for Idaho additions and subtrac annualized use amounts from line 33) any of the payment periods Business name column column C enter payments made after the 15th day of the 6th column D enter payments made after the 15th day of the 9th Commission if it is required to make estimated tax payments Complete columns B through D lines 7 through 23 For a short Complete lines 9 through 14 for one column before completing Complete Part I to determine if you have an underpayment for complete Part II to compute the interest copies of this form may be needed in cases where multiple D Enter the total here and on Form 41 or Form 41S determine whether the corporation underpaid its estimated tax Each estimated tax payment must be 25% of the lesser of EFO00027 enter the amount of this period s payment that will be applied to enter the amounts from line 33 estimated tax payments Federal employer identification number federal Form 2220 to compute the federal annualized income for federal purposes you may use that same method to make For Form 41 this is the amount on line 49 For Form 41S this is Form 41 line 50 or Form 41S line 56 Hire One Act credit from the 2013 tax return 5 Idaho estimated tax payments Use Schedule A Part II of the If you computed an underpayment on line 13 of Part I complete If your estimated tax payments are based on annualized income In column B enter payments made after the 15th day of the 4th Include with Form 41 or Form 41S income to determine your estimated tax payments use Part III to installment shown on line 7 to the date shown on line 15 INSTALLMENTS Instructions for Idaho Form 41ESR its income tax for the current tax year Use Form 41ESR to Line 1 Enter the total tax amount reported on the 2014 return Line 10 Enter any overpayment shown on line 14 of the Line 11 If you had any underpayment in the previous column Line 13 If your payments on line 12 are less than the Line 14 If your payments on line 12 are more than the Line 15 Enter the date you made a payment that was applied Line 16 Enter the number of days from the due date of the Line 19 Divide the number of days shown on line 17 by 365 Line 2 Enter the total of the fuels tax sales/use tax tax from Line 20 Divide the number of days shown on line 18 by 365 Line 24 Add the amounts shown on line 23 columns A through Line 25 For a 100% Idaho corporation enter its federal Line 5 Enter the total tax amount less the total of the fuels line 55 For Form 41S this is the total of lines 52 through 54 and Line 6 Enter the smaller of lines 4 or 5 If you used annualized line 61 Line 7 Enter the installment dates for your estimated tax line 7 to the date shown on line 15 Line 8 Multiply the amount on line 6 by 25% This is the line 8 subtract line 12 from line 8 Line 9 Enter the estimated tax payments made during the lines 15 through 24 to determine the amount of the interest due month after end of tax year whichever is earlier month through the 15th day of the 12th month of the tax year month through the 15th day of the 6th month of the tax year In month through the 15th day of the 9th month of the tax year In Multiply the results by 4% the interest rate for 2014 Compute Multiply the results by 4% the interest rate for 2015 Compute Number of days on line 17 Number of days on line 18 of lines 52 through 54 and line 61 of the tax year on the underpayment PART I UNDERPAYMENT COMPUTATION PART II UNDERPAYMENT INTEREST COMPUTATION PART III ANNUALIZED INCOME INSTALLMENT METHOD payment period For column A only include the amount credited payments are made and applied to the underpayment of a prior payments due on line 8 subtract line 12 from line 8 and enter payments due on line 8 subtract line 8 from line 12 and enter payments made by the 15th day of the 4th month of the tax year payments The installment due dates for Idaho s estimated tax payments will be the same due dates required for your federal period period return complete the appropriate number of columns previous column recapture of qualified investment exemption (QIE) and the Reimbursement Incentive Act credit claimed on the corporate required if the corporation was not required to file an Idaho return required installment for each quarter If income is annualized return For Form 41 this is the total of lines 46 through 48 and show the annualized computation subtract line 8 from line 12 subtractions by the apportionment factor and enter the results tax liability of $500 or more Estimated tax payments are not tax sales/use tax tax from recapture of QIE and the Hire One the 15th day of the 4th 6th 9th and 12th months the amount on line 55 the corporation s income tax for the prior tax year or 90% of the federal annualized income adjusted for Idaho additions and the next column the percentage to two places to the right of the decimal point the previous tax year the underpayment Don t enter more than the amount on line 9 tions for each period If the corporation is multistate multiply to 2014 estimated tax from your 2013 return and estimated tax to the Internal Revenue Service and will have an Idaho income to the underpayment amount shown on line 13 or enter the UNDERPAYMENT OF ESTIMATED TAX whichever is earlier your overpayment your underpayment here If line 13 shows an underpayment